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Forex pairs in this Article » EUR/USD (Córdoba) - The EUR/USD continues to oscillate just above the 1.3500 mark heading into the European Central Bank monetary policy decision.

EUR/USD unaffected by German data

Weaker-than-expected Germany Industrial Production data went virtually unnoticed leaving EUR/USD unchanged at 1.3515. Last week's fall in Eurozone inflation triggered expectations the ECB could cut rates today, although those expectations were tempered after an ECB source told reporters the rate cut was unlikely.

EUR/USD levels to watch

In terms of technical levels, the EUR/USD could find immediate supports at 1.3442 (Nov 4 low), 1.3400 (psychological level) and 1.3385 (Oct 16 high). On the other hand, resistances line up at 1.3530 (daily high), 1.3547 (Nov 6 high) and 1.3589 (Nov 1 high).
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